The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-06-17
GREAT WHEAT DEAL.
KERsHAw IS SECURELY TIED
l'y Attachments Made By Other Flrms-T Tho
Cincinnati End Sues Itosenfsid, and tho
\ Latter Returns tho Compliment.
VI! A Mixed State OF Affairs.

CHICAGO, June 16.-The following no
tice, In O. j. Kershaw's handwriting, wa
posted up in tho window Of Kei,haw
20. this morning: AF "
Nothing can be decided until II o'clock
We arc promised by that time positive
knowledge whether remi!tsnces are on tht
way, which We are led to believe will
come" q \
The notice produced an uniayorable i'm
precision, for II Kerahaw cannot meet hi.
obligations 1t 10 considered certain that q
dozen brokerage firms will bs dragged
down to-day.
The facts In regard to the deposit ol
money for Kerahaw & Co., yesterday at
the American Exchange Bank on which
he founded bis promise to pay in full were
made public this morning in a semi.
official way. 1t Hesms that Wiltshire did
dsposit 5000. 900 to the credit OF Kerahaw
q Co., yesterday morning. When O, J,
kershaw left there at 0 o'clock, after nm
hours consultation with Wiltshire, D. W.
Irwin Holt, Cashier DeWar, @. B. Eaples.
ton, and several Of the directorp, there
was nearly $500, 900 on dspoait subject, as
he supposed to his check. He hurried
down to the office OF Armour & Co., and
there told ?. D. Armour, OF his position,
and his ability to stand everything down
to seventy cents. It was not until 10 :45
o'clock, when he went into Armour'o
office again, that he was told
that his checks were being thrown
out by the American Exchange Ma.
tional. He went out OF Armour's like a
shot to ascertain the trouble. The trouble
was that Immediately after Kershaw left
the American Exchange Bank, and when
Wiltshire produced the $500, 900 to 20 as he
supposed to the credit OF Kershay. Irwin.
Green q Go. demanded half Of it. Presi.
dent Irwin is tho senior partner in this
house and had this advantage that he
could credit the money as he was disposed
to. When kershsw's cheek for $500 GOO
from the Clearing House went down for
certitication, it was thrown out. Some
big checks had, however, gone through
oil right before. Among them were
checks to Schwartz, Dupee 4 Co., VIM.
Dunn & Co and few others, aprregatinv
perhaps Sl50,00O, 30 that Kerahaw's
promises were made in good faith. II it
had not happened that the president Of
the bank was also an applicant for more
margins kershaw's checks would have
been certified. sa. = : -
The failures Of yesterday numbered fif-
teen. They were rs follows, with an esti.
mate OF the liabilities: Crosby & Co,
$4,000; 81. K. Matthews, $60, GOO; j. A.
Edwards & Co., $4,000; M. B. Gratis &
Co., $40, ,000;J. b. McOleary & Co., iS25, 900;
Pickering & Co., $4,000; s. D. Eldredee,
$4,000; Gregeson & Co., $l5, 600; Hord
Bros. 4 Co., $4,000; 7. E. Bslding & Co.,
10000; J. Il. Yourt d Co., 100000; lib.
bard 4 Co.: $4,000; NJ. S. Robinson 4
Co., s., 900; Yourt & Brearly, Sc, 900; S, @.
Orr, s.. 900. Total, 1851 900. ~ Il;
Including the failures Of the day before.
n. Roaenfeld & Co., Hamill & Brine and
q. W. Bailey & Co., there is q total Of
nineteen with aggregate liabilities approx
imating So ,00O, 900. is-sy-is.-.s,,iSf,